3.22.2 html 510 434 1 true 155 0 false 13 false false R1.htm 0001001 - Document - Cover Page Sheet http://arct-5.com/role/CoverPage Cover Page Cover 1 false false R2.htm 1001002 - Statement - CONSOLIDATED BALANCE SHEETS Sheet http://arct-5.com/role/CONSOLIDATEDBALANCESHEETS CONSOLIDATED BALANCE SHEETS Statements 2 false false R3.htm 1002003 - Statement - CONSOLIDATED BALANCE SHEETS (Parenthetical) Sheet http://arct-5.com/role/CONSOLIDATEDBALANCESHEETSParenthetical CONSOLIDATED BALANCE SHEETS (Parenthetical) Statements 3 false false R4.htm 1003004 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS Sheet http://arct-5.com/role/CONSOLIDATEDSTATEMENTSOFOPERATIONSANDCOMPREHENSIVELOSS CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS Statements 4 false false R5.htm 1005005 - Statement - CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY Sheet http://arct-5.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINEQUITY CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY Statements 5 false false R6.htm 1006006 - Statement - CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical) Sheet http://arct-5.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINEQUITYParenthetical CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical) Statements 6 false false R7.htm 1007007 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS Sheet http://arct-5.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS CONSOLIDATED STATEMENTS OF CASH FLOWS Statements 7 false false R8.htm 1008008 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) Sheet http://arct-5.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWSParenthetical CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) Statements 8 false false R9.htm 1404401 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Parenthetical) Sheet http://arct-5.com/role/CONSOLIDATEDSTATEMENTSOFOPERATIONSANDCOMPREHENSIVEINCOMELOSSParenthetical CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Parenthetical) Statements 9 false false R10.htm 2101101 - Disclosure - Organization Sheet http://arct-5.com/role/Organization Organization Notes 10 false false R11.htm 2103102 - Disclosure - Summary of Significant Accounting Policies Sheet http://arct-5.com/role/SummaryofSignificantAccountingPolicies Summary of Significant Accounting Policies Notes 11 false false R12.htm 2108103 - Disclosure - Real Estate Investments Sheet http://arct-5.com/role/RealEstateInvestments Real Estate Investments Notes 12 false false R13.htm 2115104 - Disclosure - Mortgage Notes Payable, Net Notes http://arct-5.com/role/MortgageNotesPayableNet Mortgage Notes Payable, Net Notes 13 false false R14.htm 2120105 - Disclosure - Credit Facility Sheet http://arct-5.com/role/CreditFacility Credit Facility Notes 14 false false R15.htm 2122106 - Disclosure - Senior Notes, Net Notes http://arct-5.com/role/SeniorNotesNet Senior Notes, Net Notes 15 false false R16.htm 2124107 - Disclosure - Fair Value Measurements Sheet http://arct-5.com/role/FairValueMeasurements Fair Value Measurements Notes 16 false false R17.htm 2126108 - Disclosure - Derivatives and Hedging Activities Sheet http://arct-5.com/role/DerivativesandHedgingActivities Derivatives and Hedging Activities Notes 17 false false R18.htm 2130109 - Disclosure - Mezzanine Equity and Total Equity Sheet http://arct-5.com/role/MezzanineEquityandTotalEquity Mezzanine Equity and Total Equity Notes 18 false false R19.htm 2137110 - Disclosure - Commitments and Contingencies Sheet http://arct-5.com/role/CommitmentsandContingencies Commitments and Contingencies Notes 19 false false R20.htm 2141111 - Disclosure - Related Party Transactions and Arrangements Sheet http://arct-5.com/role/RelatedPartyTransactionsandArrangements Related Party Transactions and Arrangements Notes 20 false false R21.htm 2145112 - Disclosure - Economic Dependency Sheet http://arct-5.com/role/EconomicDependency Economic Dependency Notes 21 false false R22.htm 2146113 - Disclosure - Equity-Based Compensation Sheet http://arct-5.com/role/EquityBasedCompensation Equity-Based Compensation Notes 22 false false R23.htm 2151114 - Disclosure - Net Income Per Share Sheet http://arct-5.com/role/NetIncomePerShare Net Income Per Share Notes 23 false false R24.htm 2155115 - Disclosure - Segment Reporting Sheet http://arct-5.com/role/SegmentReporting Segment Reporting Notes 24 false false R25.htm 2160116 - Disclosure - Subsequent Events Sheet http://arct-5.com/role/SubsequentEvents Subsequent Events Notes 25 false false R26.htm 2204201 - Disclosure - Summary of Significant Accounting Policies (Policies) Sheet http://arct-5.com/role/SummaryofSignificantAccountingPoliciesPolicies Summary of Significant Accounting Policies (Policies) Policies http://arct-5.com/role/SummaryofSignificantAccountingPolicies 26 false false R27.htm 2305301 - Disclosure - Summary of Significant Accounting Policies (Tables) Sheet http://arct-5.com/role/SummaryofSignificantAccountingPoliciesTables Summary of Significant Accounting Policies (Tables) Tables http://arct-5.com/role/SummaryofSignificantAccountingPolicies 27 false false R28.htm 2309302 - Disclosure - Real Estate Investments (Tables) Sheet http://arct-5.com/role/RealEstateInvestmentsTables Real Estate Investments (Tables) Tables http://arct-5.com/role/RealEstateInvestments 28 false false R29.htm 2316303 - Disclosure - Mortgage Notes Payable, Net (Tables) Notes http://arct-5.com/role/MortgageNotesPayableNetTables Mortgage Notes Payable, Net (Tables) Tables http://arct-5.com/role/MortgageNotesPayableNet 29 false false R30.htm 2327304 - Disclosure - Derivatives and Hedging Activities (Tables) Sheet http://arct-5.com/role/DerivativesandHedgingActivitiesTables Derivatives and Hedging Activities (Tables) Tables http://arct-5.com/role/DerivativesandHedgingActivities 30 false false R31.htm 2331305 - Disclosure - Mezzanine Equity and Total Equity (Tables) Sheet http://arct-5.com/role/MezzanineEquityandTotalEquityTables Mezzanine Equity and Total Equity (Tables) Tables http://arct-5.com/role/MezzanineEquityandTotalEquity 31 false false R32.htm 2338306 - Disclosure - Commitments and Contingencies (Tables) Sheet http://arct-5.com/role/CommitmentsandContingenciesTables Commitments and Contingencies (Tables) Tables http://arct-5.com/role/CommitmentsandContingencies 32 false false R33.htm 2342307 - Disclosure - Related Party Transactions and Arrangements (Tables) Sheet http://arct-5.com/role/RelatedPartyTransactionsandArrangementsTables Related Party Transactions and Arrangements (Tables) Tables http://arct-5.com/role/RelatedPartyTransactionsandArrangements 33 false false R34.htm 2347308 - Disclosure - Equity-Based Compensation (Tables) Sheet http://arct-5.com/role/EquityBasedCompensationTables Equity-Based Compensation (Tables) Tables http://arct-5.com/role/EquityBasedCompensation 34 false false R35.htm 2352309 - Disclosure - Net Income Per Share (Tables) Sheet http://arct-5.com/role/NetIncomePerShareTables Net Income Per Share (Tables) Tables http://arct-5.com/role/NetIncomePerShare 35 false false R36.htm 2356310 - Disclosure - Segment Reporting (Tables) Sheet http://arct-5.com/role/SegmentReportingTables Segment Reporting (Tables) Tables http://arct-5.com/role/SegmentReporting 36 false false R37.htm 2402402 - Disclosure - Organization (Details) Sheet http://arct-5.com/role/OrganizationDetails Organization (Details) Details http://arct-5.com/role/Organization 37 false false R38.htm 2406403 - Disclosure - Summary of Significant Accounting Policies - Narrative (Details) Sheet http://arct-5.com/role/SummaryofSignificantAccountingPoliciesNarrativeDetails Summary of Significant Accounting Policies - Narrative (Details) Details 38 false false R39.htm 2407404 - Disclosure - Summary of Significant Accounting Policies - Schedule of Future Minimum Rental Payments (Details) Sheet http://arct-5.com/role/SummaryofSignificantAccountingPoliciesScheduleofFutureMinimumRentalPaymentsDetails Summary of Significant Accounting Policies - Schedule of Future Minimum Rental Payments (Details) Details 39 false false R40.htm 2410405 - Disclosure - Real Estate Investments - Assets Acquired and Liabilities Assumed (Details) Sheet http://arct-5.com/role/RealEstateInvestmentsAssetsAcquiredandLiabilitiesAssumedDetails Real Estate Investments - Assets Acquired and Liabilities Assumed (Details) Details 40 false false R41.htm 2411406 - Disclosure - Real Estate Investments - Summary of Amortization Expense and Adjustments (Details) Sheet http://arct-5.com/role/RealEstateInvestmentsSummaryofAmortizationExpenseandAdjustmentsDetails Real Estate Investments - Summary of Amortization Expense and Adjustments (Details) Details 41 false false R42.htm 2412407 - Disclosure - Real Estate Investments - Lease Amortization (Details) Sheet http://arct-5.com/role/RealEstateInvestmentsLeaseAmortizationDetails Real Estate Investments - Lease Amortization (Details) Details 42 false false R43.htm 2413408 - Disclosure - Real Estate Investments - Narrative (Details) Sheet http://arct-5.com/role/RealEstateInvestmentsNarrativeDetails Real Estate Investments - Narrative (Details) Details 43 false false R44.htm 2414409 - Disclosure - Real Estate Investments - Summary of Assets Held-for-Sale (Details) Sheet http://arct-5.com/role/RealEstateInvestmentsSummaryofAssetsHeldforSaleDetails Real Estate Investments - Summary of Assets Held-for-Sale (Details) Details 44 false false R45.htm 2417410 - Disclosure - Mortgage Notes Payable, Net - Summary of Mortgage Notes Payable (Details) Notes http://arct-5.com/role/MortgageNotesPayableNetSummaryofMortgageNotesPayableDetails Mortgage Notes Payable, Net - Summary of Mortgage Notes Payable (Details) Details 45 false false R46.htm 2418411 - Disclosure - Mortgage Notes Payable, Net - Narrative (Details) Notes http://arct-5.com/role/MortgageNotesPayableNetNarrativeDetails Mortgage Notes Payable, Net - Narrative (Details) Details 46 false false R47.htm 2419412 - Disclosure - Mortgage Notes Payable, Net - Future Minimum Payments (Details) Notes http://arct-5.com/role/MortgageNotesPayableNetFutureMinimumPaymentsDetails Mortgage Notes Payable, Net - Future Minimum Payments (Details) Details 47 false false R48.htm 2421413 - Disclosure - Credit Facility (Details) Sheet http://arct-5.com/role/CreditFacilityDetails Credit Facility (Details) Details http://arct-5.com/role/CreditFacility 48 false false R49.htm 2423414 - Disclosure - Senior Notes, Net (Details) Notes http://arct-5.com/role/SeniorNotesNetDetails Senior Notes, Net (Details) Details http://arct-5.com/role/SeniorNotesNet 49 false false R50.htm 2425415 - Disclosure - Fair Value Measurements - Fair Value of Financial Instruments (Details) Sheet http://arct-5.com/role/FairValueMeasurementsFairValueofFinancialInstrumentsDetails Fair Value Measurements - Fair Value of Financial Instruments (Details) Details 50 false false R51.htm 2428416 - Disclosure - Derivatives and Hedging Activities - Narrative (Details) Sheet http://arct-5.com/role/DerivativesandHedgingActivitiesNarrativeDetails Derivatives and Hedging Activities - Narrative (Details) Details 51 false false R52.htm 2429417 - Disclosure - Derivatives and Hedging Activities - Derivative Instruments, Gain (Loss) (Details) Sheet http://arct-5.com/role/DerivativesandHedgingActivitiesDerivativeInstrumentsGainLossDetails Derivatives and Hedging Activities - Derivative Instruments, Gain (Loss) (Details) Details 52 false false R53.htm 2432418 - Disclosure - Mezzanine Equity and Total Equity - Mezzanine Equity and Total Equity/Common Stock (Details) Sheet http://arct-5.com/role/MezzanineEquityandTotalEquityMezzanineEquityandTotalEquityCommonStockDetails Mezzanine Equity and Total Equity - Mezzanine Equity and Total Equity/Common Stock (Details) Details 53 false false R54.htm 2433419 - Disclosure - Mezzanine Equity and Total Equity - Preferred Stock (Details) Sheet http://arct-5.com/role/MezzanineEquityandTotalEquityPreferredStockDetails Mezzanine Equity and Total Equity - Preferred Stock (Details) Details 54 false false R55.htm 2434420 - Disclosure - Mezzanine Equity and Total Equity - Stockholder Rights Plan (Details) Sheet http://arct-5.com/role/MezzanineEquityandTotalEquityStockholderRightsPlanDetails Mezzanine Equity and Total Equity - Stockholder Rights Plan (Details) Details 55 false false R56.htm 2435421 - Disclosure - Mezzanine Equity and Total Equity - Non-Controlling Interest (Details) Sheet http://arct-5.com/role/MezzanineEquityandTotalEquityNonControllingInterestDetails Mezzanine Equity and Total Equity - Non-Controlling Interest (Details) Details 56 false false R57.htm 2436422 - Disclosure - Mezzanine Equity and Total Equity - Non-controlling Interest Narrative (Details) Sheet http://arct-5.com/role/MezzanineEquityandTotalEquityNoncontrollingInterestNarrativeDetails Mezzanine Equity and Total Equity - Non-controlling Interest Narrative (Details) Details 57 false false R58.htm 2439423 - Disclosure - Commitments and Contingencies - Narrative (Details) Sheet http://arct-5.com/role/CommitmentsandContingenciesNarrativeDetails Commitments and Contingencies - Narrative (Details) Details 58 false false R59.htm 2440424 - Disclosure - Commitments and Contingencies - Future Minimum Ground Lease Payments (Details) Sheet http://arct-5.com/role/CommitmentsandContingenciesFutureMinimumGroundLeasePaymentsDetails Commitments and Contingencies - Future Minimum Ground Lease Payments (Details) Details 59 false false R60.htm 2443425 - Disclosure - Related Party Transactions and Arrangements - Narrative (Details) Sheet http://arct-5.com/role/RelatedPartyTransactionsandArrangementsNarrativeDetails Related Party Transactions and Arrangements - Narrative (Details) Details 60 false false R61.htm 2444426 - Disclosure - Related Party Transactions and Arrangements - Summary of Fees, Expenses and Related Payables (Details) Sheet http://arct-5.com/role/RelatedPartyTransactionsandArrangementsSummaryofFeesExpensesandRelatedPayablesDetails Related Party Transactions and Arrangements - Summary of Fees, Expenses and Related Payables (Details) Details 61 false false R62.htm 2448427 - Disclosure - Equity-Based Compensation - Narrative (Details) Sheet http://arct-5.com/role/EquityBasedCompensationNarrativeDetails Equity-Based Compensation - Narrative (Details) Details 62 false false R63.htm 2449428 - Disclosure - Equity-Based Compensation - Summary of Unvested Restricted Stock Activity (Details) Sheet http://arct-5.com/role/EquityBasedCompensationSummaryofUnvestedRestrictedStockActivityDetails Equity-Based Compensation - Summary of Unvested Restricted Stock Activity (Details) Details 63 false false R64.htm 2450429 - Disclosure - Equity-Based Compensation - Schedule of LTIP Vesting Scenarios (Details) Sheet http://arct-5.com/role/EquityBasedCompensationScheduleofLTIPVestingScenariosDetails Equity-Based Compensation - Schedule of LTIP Vesting Scenarios (Details) Details 64 false false R65.htm 2453430 - Disclosure - Net Income Per Share - Schedule of Basic and Diluted Net Income (Loss) Per Share (Details) Sheet http://arct-5.com/role/NetIncomePerShareScheduleofBasicandDilutedNetIncomeLossPerShareDetails Net Income Per Share - Schedule of Basic and Diluted Net Income (Loss) Per Share (Details) Details 65 false false R66.htm 2454431 - Disclosure - Net Income Per Share - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) Sheet http://arct-5.com/role/NetIncomePerShareScheduleofAntidilutiveSecuritiesExcludedfromComputationofEarningsPerShareDetails Net Income Per Share - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) Details 66 false false R67.htm 2457432 - Disclosure - Segment Reporting - Reconciliation of the Segment Activity to Consolidated Net Income (Loss) (Details) Sheet http://arct-5.com/role/SegmentReportingReconciliationoftheSegmentActivitytoConsolidatedNetIncomeLossDetails Segment Reporting - Reconciliation of the Segment Activity to Consolidated Net Income (Loss) (Details) Details 67 false false R68.htm 2458433 - Disclosure - Segment Reporting - Reconciliation of Assets from Segment to Consolidated (Details) Sheet http://arct-5.com/role/SegmentReportingReconciliationofAssetsfromSegmenttoConsolidatedDetails Segment Reporting - Reconciliation of Assets from Segment to Consolidated (Details) Details 68 false false R69.htm 2459434 - Disclosure - Segment Reporting - Reconciliation of Capital Expenditures from Segments to Consolidated (Details) Sheet http://arct-5.com/role/SegmentReportingReconciliationofCapitalExpendituresfromSegmentstoConsolidatedDetails Segment Reporting - Reconciliation of Capital Expenditures from Segments to Consolidated (Details) Details 69 false false R70.htm 2461435 - Disclosure - Subsequent Events (Details) Sheet http://arct-5.com/role/SubsequentEventsDetails Subsequent Events (Details) Details http://arct-5.com/role/SubsequentEvents 70 false false All Reports Book All Reports afin-20220630.htm afin-20220630.xsd afin-20220630_cal.xml afin-20220630_def.xml afin-20220630_lab.xml afin-20220630_pre.xml ex102eighthamendmenttopsa.htm ex103ninthamendmenttopsa.htm ex311rtl6302022.htm ex312rtl6302022.htm ex32rtl6302022.htm afin-20220630_g1.jpg http://fasb.org/us-gaap/2022 http://xbrl.sec.gov/dei/2022 true true